British government bond yields edge higher as Burnham becomes PM

The government’s borrowing costs climbed sharply on Monday afternoon after Andy Burnham said he planned to juice government borrowing by taking advantage of “flexibility” in the current fiscal rules. The new Prime Minister told reporters that his administration would use all…

British government bond yields saw a slight increase on Monday. Andy Burnham is set to become the country's seventh Prime Minister in a decade. Investors are anticipating one or two interest rate hikes by the Bank of England this year. The 10-year gilt yield rose by 3 basis…